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EBA consults on bonus cap

EBA is consulting, until 21 August, on draft RTS under section 90 of the future CRD4, which caps the variable component of certain staff remuneration at 100% of its fixed component. The draft RTS set out the process to identify the staff who will be subject to the cap because they have a material impact on the regulated institution’s risk profile. The identification process relies on criteria developed internally by each institution, and on regulatory quantitative and qualitative criteria. (Source:Draft RTS on Criteria to Identify Staff with Material Impact on an Institution's Risk Profile)